EVI Industries (EVI) Q3 2025 earnings summary

Executive summary

• Achieved record revenue of $280 million and gross profit of $84.4 million for the nine months ended March 31, 2025, with third quarter revenue of $94 million and gross profit of $28.1 million, reflecting strong demand and operational execution.

• Net income for the nine months rose to $5.4 million from $3.6 million in the prior year, with diluted EPS of $0.35.

• Operating cash flow reached $11.3 million for the nine months and $9.1 million for the third quarter, highlighting business model efficiency.

• Completed three acquisitions during the period and closed the largest acquisition, Girbau North America (GNA), on April 1, 2025, for $40 million, enhancing scale and customer reach.

• Advanced digital transformation initiatives, including ERP, FSM, CRM, and e-commerce platforms, to drive efficiency and customer experience.

Financial highlights

• Nine-month revenue: $280 million (up 6% year-over-year); three-month revenue: $94 million (up 11%).

• Gross profit for nine months: $84.4 million; gross margin improved to 30.2% from 29.6% year-over-year.

• Net income for nine months: $5.4 million; adjusted EBITDA for nine months: $17.8 million.

• Operating cash flow for nine months: $11.3 million; capital expenditures: $3.2 million; $12.6 million used for acquisitions.

• Over $175 million in available liquidity as of March 31, 2025, with credit facility expanded to $200 million and maturity extended to March 2030.

Outlook and guidance

• Confident in ability to accelerate growth and create lasting value, supported by the GNA acquisition, technology momentum, and a robust pipeline.

• Ongoing investments in technology and digital transformation anticipated to drive long-term growth, customer loyalty, and profitability.

• Sufficient liquidity and credit capacity to fund operations and capital expenditures for at least the next twelve months.